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Updated about 5 years ago on . Most recent reply
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Wholesale Real state the right way?
Good afternoon all,
My first post was about being new to REI, and my decision to go the route of wholesale. Reason being is a lack of funds to use for a "buy and hold" or "fix and flip" strategy. So I chose this strategy not because it seemed easy, just accessible. After fully immersing myself in the world of Real Estate investing, I've spent the last 2 weeks researching, reading, watching podcasts. Most importantly I paid close attention to the legal and ethical issues involved. Opinions on both sides of the fence, And it occurs to me that there is a fine line between doing it the right way, and possibly ending up with a cease and decist order or worse. So what have I learned so far in my journey into this new discipline? For starters All of my deals will be through double closings. I am currently building a cash buyers list so as not to risk tying up a property only to not close in the end. I will be getting a Broker's license, just to ensure I stay on the "legal" side of the fence. If anyone reading this has any suggestions I am open to all